Tuesday, 18 March 2014

Price of Petrol

On one of my recent road trips we had to stop for fuel and whilst seated at the service station I managed to take a photo of the bowser.



0.45 Riyals per litre.  That’s slightly less than 7 pence or 15 cents Australian.


Now consider the Saudi’s have to extract, refine, transport and resell it for a profit.  Yet it only costs 6p?  How can the price of petrol cost approx. £1.36 or A$1.34?   It can’t be the additional cost of transporting it.

4 comments:

  1. As the actress said to the Bishop. 'That's the price, sir. Take it or leave it'.

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  2. It's a cartel and illegal. But the companies are just too big to touch.

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  3. According to my trusty Daily Mail, we in the UK pay 81p in tax and duty for every litre of petrol purchased. Broken down in costs, that is 57.95p in fuel duty, 22.15p in VAT 47.8p product price charged by the fuel company, leaving a measly 5p for the retailer and delivery company to share.

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  4. So UK pays a tax on a tax. Even the product price at 47.8p is high compared to the 7p here!

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